Facebook, Amazon CEOs to defend their companies before US Congress by listing competitors

WASHINGTON: Amazon.com CEO Jeff Bezos and Facebook's Mark Zuckerberg will defend their respective companies before a congressional hearing on Wednesday by saying they face intense competition from large rivals.

Bezos also lays out how small sellers have succeeded on its third-party marketplace, a practice that has come under scrutiny from lawmakers. "We compete against the companies appearing at this hearing, plus many others that sell advertising and connect people. We also compete globally, including against companies that have access to markets that we aren't in."Zuckerberg will also defend Facebook's acquisitions by saying the social media platform helped companies such as WhatsApp and Instagram grow. Both are owned by Facebook.

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